January 15, 2014
Recognizing the firm’s international capabilities and high-profile cases, Law360 has named the Restructuring, Insolvency & Workouts practice of Latham & Watkins as a “Bankruptcy Practice Group of the Year” for 2013.
“With bankruptcy professionals in 10 different offices around the globe, Latham is well-positioned to take advantage of the rise in global restructurings.” Law360 noted, citing the firm’s work during the past year on a number of notable matters. For example, the firm represented US Airways Group Inc. in its merger with bankrupt American Airlines parent AMR Corp. and advised A123 Systems Inc. in a complex cross-border restructuring. “Both the high-profile US Airways and A123 cases shared the common theme of the importance of providing strategic advice to the client so it could obtain the most value available under the circumstances," said New York partner Mitchell Seider, global co-chair of the firm’s Restructuring, Insolvency & Workouts practice, in the Law360 article.
Law360 also noted that Latham’s restructuring group has historically “been known for its strong lender practice, but over the past eight to nine years there has been an increasing focus on building the company-side practice.” The practice represents corporations, banks, creditors’ committees, hedge funds, sponsors, and other financial institutions in workouts, out of court restructurings and bankruptcy cases from middle market businesses to the largest multinational enterprises. As Seider stated, “More and more frequently, we see cross-border problems and we are able to help because of our experience globally.”